Hamster Kombat turned down venture capital offers

Hamster Kombat Turned Down Venture Capital Offers


The team behind Hamster Combat has been receiving offers from some of the top venture capital firms in crypto, but says it has “turned down every single one” to date.

According to the team, the venture capital funding was turned down in order to protect Hamster Kombat's player base and keep the developer's main focus on giving players a great experience that will be rewarded by actually playing the game.

This is in stark contrast to many crypto games and projects that receive venture capital funding, where venture capital firms only use the player base as a means of exit liquidity, the group said in an Aug. 10 announcement.

The Hamster Kombat team has not announced which venture firms have expressed interest in funding the Telegram-based game.

Phemex
Source: Hamster Kombat Telegram channel

The organizers of Hamster Combat explained that 60% of the upcoming HMSTR token will be reserved for the players, while the remaining amount will be used for liquidity, future partnerships, in-game rewards and ecosystem development.

Related: Telegram to get mini app store by end of July – Pavel Durov

The biggest airdrop in crypto history?

The developers of Hamster Kombat have been teasing the highly anticipated airdrop, calling it “the biggest airdrop in crypto history” as the game continues to attract users and show meteoric success on Web3 Games.

In July, the Hamster Kombat team announced that the game had surpassed 300 million players, reaching 239 million users in 81 days. The game was widely billed by the team and Telegram founder Pavel Durov as a way to get millions of individuals on board with blockchain technology and propel mass adoption forward.

Crypto exchange Bybit has already listed HMSTR for pre-market trading over the counter (OTC) platform. The listing allows users to secure the token before it goes live on traditional exchanges.

Bybit noted that OTC trading could distort the final price of the token, but explained that other factors may play a role in shaping the price of spot trading once HMSTR goes public.

Trouble in the hamster garden

The quick success of Hamster Kombat has made the gaming community the target of pranksters and scammers who promote fake HMSTR airdrops.

Fake airdrops and sophisticated phishing attacks have prompted the Hamster Combat team to issue an announcement on Telegram that users have yet to launch to individuals or groups claiming to offer token sales.

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